Odysseus Alternative Ventures announces the launch of Insurtech Capital with the APICIL Group as a Strategic Partner by Minh Tran

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London and Paris, December 11th, 2018 – Odysseus Alternative Ventures (OAV), the private equity and venture capital arm of Reech Corporations Group, announces a partnership with the APICIL Group, France’s 4th largest provider of social protection, to create its first Insurtech fund: Insurtech Capital I. Launched with a commitment of €10m, the Fund will invest in a variety of French and European start-ups that are seeking to develop new technologies, new business models and new forms of delivery for the insurance sector.

The Fund is targeting investments in innovative companies within the insurance sector which are early stage start-ups (Seed and Serie A), leveraging OAV’s proprietary semi- automated sourcing platform to identify and filter promising candidates for investment. To date, OAV has several thousand companies in its database, the majority of which are developing responses to specific issues which are emerging as the industry seeks to digitalise its activities and identify future areas of growth.

The ambition of the Insurtech Capital Fund is eventually to scale with other European insurance companies in Germany, Switzerland, the Netherlands and the UK, seeking similar exposure to this fast growing subset of the insurance industry.

For APICIL, the benefits are two-fold: as well as acquiring investment exposure to a fast growing subset of the industry, the Fund will offer access to sources of innovation which will drive future growth and profitability for the Group as a whole. This partnership fits within theGroup’s DEFIS 2020 Strategic Plan which aims to accelerate the digitalisation of its activities.

A key feature of the OAV concept is its ability to structure investment vehicles which provide meaningful access to this fast emerging asset class alongside exposure to related alternative assets. Through OAV, they will be able to tap into the wider Reech CorporationsGroup’s network, resources and expertise. Being able to draw on this deep well of expertise in managing the underlying assets classes as well as having first-hand experience creating and scaling profitable technology businesses, makes OAV a unique proposition which will deliver strong, sustainable returns to investors.

Minh Q. Tran, CEO of OAV said: ”We strongly believe that our unique investing approach is an attractive way to allow investors meaningful access to the superior returns that are available to those who can successfully identify the future disruptors across a range of financial and technology related businesses. We welcome APICIL as a strategic partner in this Fund which is truly an innovative VC-as-a-Service concept in the insurance industry.”

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Reech Corporation Group’s Odysseus Investments, and Seed Founders combine to create a new force in alternative and tech assets: Odysseus Alternative Ventures by Minh Tran

OAV

 

●      Odysseus Alternative Ventures combines Reech Group’s strengths in real estate, alternative assets and technology with Seed Founders’ expertise in incubating innovative start-ups in insurTech, propTech and disruptive finance generally

●      Innovative approach to managing alternative assets allowing funds to invest at scale in both underlying asset classes and related Tech start-ups   

●      Targetting €1bn of AUM within 5 years

 

London and Paris, June 28, 2018– Odysseus Investments (”Odysseus”), the venture capital and private equity arm of Reech Corporations Group (”Reech”) and Seed Founders, a technology investment company established by influential InsureTech investor Minh Q.Tran, today announce they are joining forces to create an innovative new framework which will allow investors to achieve scale exposure to a range of traditional, alternative and tech venture capital assets. 

Odysseus Alternative Ventures (”OAV”), will be majority owned by Reech Corporations Group via Odysseus Investments with Seed Founders owning the remainder. It has been structured to appeal to managers of both family wealth and institutional funds who are looking for the ability to invest at scale in both real and alternative assets, while gaining meaningful exposure to the potential of start-ups seeking to disrupt traditional players in those same sectors.

Odysseus Investments and Seed Founders recently established PropTech Capital, the first dedicated European fund to invest in technology companies that positively impact the property environment, either through business model or product innovation. Odysseus Alternative Ventures is the next logical stage of that collaboration.

Minh Q. Tran, Founding Partner of Seed Founders, enjoys a strong reputation in Insurtech investing, with a particular focus on early stage startups. He has also founded Insurtech Capital, a dedicated special purpose vehicle for (Re)insurance companies investing in startups. He is the founder of AXA Seed Factory, and served as General Partner at AXA Strategic Ventures. Minh also sits on the Boards of a number of Insurtech and PropTech start-ups. Minh Tran will be Managing Partner and CEO of Odysseus Alternative Ventures, with Christophe Reech as Chairman of the new Company.

Odysseus is contributing its experience in creating and nurturing businesses in the financial and technology sectors, as well as the entrepreneurial, capital markets and real estate expertise of the wider Reech Corporations Group. This is the latest in a series of initiatives as Odysseus seeks to build a unique position as a scale player in alternative assets and disruptive finance and technology.

As part of the transaction, Odysseus will inject its current portfolio of five early-stage finTech investments into the new joint venture, while Seed Founders will contribute its existing InsureTech and WealthTech assets.

The new structure will be based in Luxembourg, with operating bases in London, Paris, Zurich and Luxembourg, and will consist of a family of specialist venture capital funds investing alongside a parallel series of funds focusing on the relevant underlying assets. OAV will start life with an existing porfolio of investee companies which it aims to rapidly augment with the new opportunities that will open up once the networks of the two founders are successfully combined.  

Minh Q. Tran, founder of Seed Founders said today: ”OAV is responding to a real need of investors for a framework that enables them to access the opportunities presented by the explosion of disruptive innovation in a meaningful way. We are convinced that we can deliver superior returns to investors  by giving them access to niche alternative funds in exciting new sectors not covered by traditional firms such as finTech, propTech, asset and wealth Tech, insureTech alongside the relevant underlying asset classes in a form which allows them to deploy substantial funds without diluting returns or losing focus.” 
Christophe Reech, chairman of Reech Corporations Group said today: ”The new venture will enable us to take advantage of the breadth of experience that we have within the wider Reech group in managing both real and alternative assets and the synergies that come from understanding how new technologies can be applied to the underlying sectors and asset classes. We believe that the new structure will enable us to meet effectively the needs of managers of large pools of capital who want to access the combined expertise of the group in order to gain exposure in both early state ventures and alternative assets. This is a structure designed to appeal to family offices, pension funds, endowments and wealth managers generally.” 

Inquiries

Seed Founders

Minh Q. Tran

Email: communication@seedfounders.vc

 

Notes to Editors

About Reech Corporations Group

Reech Corporations Group is an entrepreneurial group of businesses which is active internationally in real estate and real estate finance, wholesale and retail financial services and financial technology.

The Group was founded by Christophe Reech, the London based financier and serial entrepreneur with an established track record in creating and growing successful businesses in his chosen fields of expertise.

The Group provides a platform for supporting and developing established businesses as well as identifying new business opportunities where the Group’s skills and expertise can be profitably deployed. 

 

About Seed Founders

Seed Founders is a global VC-as-a service technology management firm focused on accelerating the growth of sustainable innovation in evolving asset management sectors, through its deep global expertise and large entrepreneur networks. Seed Founders sources global venture opportunities in early-stage and (co-)invests in technology startups by providing investee companies with global strategic insights while giving investors access into new Fintech, PropTech and Insurtech technologies.

 

 

 

 

 

#Proptech - PlaceTech "New €50m fund to boost European PropTech" @Proptech_Cap @Minh_Q_Tran @ChristopheReech by Minh Tran

Source: Place Tech

A €50m fund called PropTech Capital has been announced, to finance, identify and invest in technology companies that positively impact the property environment, either through business model or product innovation.

It is thought the fund is the first of its kind to invest in proptech on such a large scale.

The fund is the work of Luxembourg-based Odysseus Investments, the private equity arm of Reech Corporations Group, and Seed Founders, a technology investment company established by Insurtech investor Minh Q Tran. This is the latest in a series of investments by Odysseus as it seeks to build a Europe-wide portfolio of innovative businesses within the financial services sector.

PropTech Capital will take the form of a tax-effective Early Stage Venture Capital Limited Partnership structure. The fund will source, secure and manage investments into early-stage technology ventures in Western Europe and across the Continent, supported by a team of investment management executives with deep sector expertise and venture capital experience.

Seed Founders is also establishing ProTech, a proptech accelerator and co-working hub which together with the fund will provide investee companies access to a fully-fledged property technology ecosystem, helping nurture these firms as they build scale.

Christophe Reech, chairman of Reech Corporations Group, said: “PropTech Capital offers a unique way of accessing this exciting new area of activity. What stands out about this fund is the way it marries Minh’s expertise in early-stage investing in fintech and Insurtech with our track record as serial entrepreneurs, and our experience and knowledge of both real estate and fintech. I am confident this will be a great success.”

Minh Q Tran, founder of Seed Founders, commented: “The property sector is undergoing a fundamental transformation, fuelled by technology. However an equity gap separates investors and real estate corporates, who need new technologies to futureproof their businesses, and the technology-savvy startups in early stages, who need venture capital funding to grow and accelerate product innovation with corporates. This is the challenge and the opportunity that PropTech Capital seeks to address.”

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#PropTech @AgefiFrance = PropTech Capital vient en aide aux jeunes pousses de l’immobilier by Minh Tran

Stéphanie Salti, à Londres 12/03/2018 L'AGEFI Quotidien / Edition de 7H

D’une taille initiale de 50 millions d’euros, ce véhicule monté par l'ancien DG d'Axa Strategic Ventures vise à investir entre 1 et 5 millions d’euros en «early stage».

Après la fintech et l’insurtech, la vague technologique s’empare désormais de la proptech.

Pour les non initiés, la proptech s’intéresse aux jeunes pousses innovantes dans le secteur de l’immobilier au sens large : la location, la vente, la construction, la gestion des propriétés résidentielles et commerciales etc.

Actif dans le private equity depuis 20 ans, Minh Q. Tran a multiplié les partenariats verticaux dans les medias, les télécoms et plus récemment dans l’assurance avec la création de Axa Seed Factory.

Par le biais de sa société Seed Founders, le professionnel vient de s’associer à Odysseus, la division de private equity du groupe Reech Corporations, actif notamment dans le secteur de l’immobilier, pour lancer PropTech Capital. Reech Corporations a été créée à Londres par l’entrepreneur Christophe Reech, un ancien banquier d’investissement ayant fait ses premières armes chez BNP Paribas et Commerzbank.

« Jusqu’à présent, il existait des initiatives dans ce domaine mais qui se limitaient le plus souvent à une fonction d’incubateur » explique Minh Q. Tran, « en matière de focus industriel, PropTech Capital se présente comme le premier fonds pan-européen investissant spécifiquement dans les proptech ». Enregistré au Luxembourg, ce fonds d’un montant initial de 50 millions d’euros vise à financer principalement les entreprises early stage en Europe : « on a constaté qu’il existait un gap entre les sociétés immobilières qui essayaient d’accélérer leur transformation digitale, et de l’autre côté, les start-ups » poursuit Minh Q. Tran, « notre fonds essaie de faire le lien entre ces deux types d’acteurs ». A l’heure actuelle, les Etats-Unis concentrent la majorité des investissements dans ces sociétés immobilières mais l’Europe fait figure de terrain à défricher : « On estime à 1000 le nombre de sociétés de la proptech actuellement actives dans ce secteur en Europe » explique le fondateur de Seed Founders. PropTech Capital vise des tickets d’entrée dans une fourchette de 1 à 5 millions d’euros. Une centaine de dossiers pourrait être à l’étude très rapidement. A côté du fonds, Seed Founders a également développé l’incubateur et accélérateur ProTech : « dans le early stage, les sociétés n’ont pas forcément la capacité de discuter avec les grands groupes immobiliers » explique Minh Q. Tran, « cet accélérateur vise à leur fournir un écosystème ».

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@PropertyWeek = #Mipim2018 - @ChristopheReech launches first pan-Euro proptech fund / @PropTech_Cap by Minh Tran

Investment guru Christophe Reech has launched the first pan-European proptech fund and is seeking to raise €50m (£44m), Property Week can reveal.

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The Swiss-based investor has partnered his Odysseus Investments, the private equity arm of Reech Corporations, with Seed Founders to launch the ProTech Capital Fund.

The fund will invest in pan-European early-stage property-related tech companies, and will source, secure and manage investments in early-stage technology ventures in western Europe and across the continent.

Seed Founders, a technology investment company established by Insurtech investor Minh Q Tran is also establishing ProTech, a proptech accelerator and co-working hub alongside the fund. ProTech will help nurture firms as they build scale.

While the fund is initially targetting €50m, it does have an option to take over-subscriptions. The fundraising is aimed primarily at qualified institutional and corporate investors.

 

Achieve real scale

This is the latest in a series of investments by Odysseus as it seeks to build a pan-European portfolio of businesses with the potential to achieve real scale within real estate, financial derivatives and financial technology.

Reech, chairman of Reech Corporations Group, said: ”ProTech Capital offers a unique way of accessing this exciting new area of activity. What stands out about this fund is the way it marries Minh’s expertise in early-stage investing in finTech and Insurtech with our track record as serial entrepreneurs, and our experience and knowledge of both real estate and finTech. I am confident this will be a great success.”

Reech began his career in investment banking, trading derivatives for French baking giant Paribas, a role which brought him to London from his native France. He then went on to establish a series of wholesale financial businesses on behalf of Commerzbank, the German bank, and then with Nikko of Japan.

In 2007, he launched the first long/short hedge fund targeting real estate as an asset class. The £145m Iceberg Fund was launched in partnership with CBRE, and became the biggest user of these newly created synthetic property derivative instruments.

Reech Corporations Group and Seed Founders launch Europe’s first PropTech Venture Capital Fund with scaleup services by Minh Tran

Reech Corporations Group and Seed Founders launch Europe’s first PropTech Venture Capital Fund with scaleup services

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●      PROPTECH CAPITAL TO RAISE 50M EUROS FROM INVESTORS

●      PARTNERSHIP BETWEEN REECH CORPORATIONS GROUP AND SEED FOUNDERS

●      PAN-EUROPEAN FUND INVESTING IN EARLY-STAGE PROPERTY-RELATED TECH COMPANIES

London and Paris, March 12th, 2018

Odysseus Investments (”Odysseus”), the private equity arm of Reech Corporations Group and Seed Founders, a technology investment company established by influential Insurtech investor Minh Q.Tran, today announce they are joining forces to launch the first ever EU-based fund to invest exclusively in PropTech businesses. The 50 million euros fund, to be called PropTech Capital (”the Fund”) will finance, identify and invest in technology companies that positively impact the property environment, either through business model or product innovation.

Minh Q. Tran, Founding Partner of Seed Founders, enjoys a strong reputation in Insurtech investing, with a particular focus on early stage startups. In parallel with PropTech Capital, he has also founded Insurtech Capital, a dedicated special purpose vehicle for (Re)insurance companies investing in startups. He is the founder of AXA Seed Factory, and served as General Partner at AXA Strategic Ventures. Minh also sits on the Boards of a number of Insurtech and PropTech start-ups.

Odysseus’ is contributing its experience in creating and nurturing businesses in the financial and technology sectors, as well as the entrepreneurial, capital markets and real estate expertise of the wider Reech Corporations Group. This is the latest in a series of investments by Odysseus as it seeks to build a pan-European portfolio of innovative businesses with potential to achieve real scale within a rapidly shifting financial services sector.

The Fund will source, secure and manage investments into early-stage technology ventures in Western Europe and across the Continent, supported by a team of investment management executives with deep sector expertise and venture capital experience. Seed Founders is also establishing ProTech, a PropTech accelerator and co-working hub which together with the Fund will provide investee companies access to a fully-fledged property technology eco-system, helping nurture these firms as they build scale.

The Fund, initially targetting 50m euros - but with the ability to take over-subscriptions -  is aimed primarily at qualified institutional and corporate investors and will take the form of a tax-effective Early Stage Venture Capital Limited Partnership structure.

Minh Q. Tran, founder of Seed Founders said today: ”The property sector is undergoing a fundamental transformation, fuelled by technology. However an equity gap separates investors and real estate corporates, who need new technologies to future-proof their businesses, and the technology savvy start ups in early stages, who need venture capital funding to grow and accelerate product innovation with corporates. This is the challenge and the opportunity that PropTech Capital, the first EU fund dedicated exclusively to PropTech seeks to address.”
Christophe Reech, chairman of Reech Corporations Group said today: ”ProTech Capital offers a unique way of accessing this exciting new area of activity. What stands out about this Fund is the way it marries Minh’s expertise in early-stage investing in finTech and Insurtech with our track record as serial entrepreneurs, and our experience and knowledge of both real estate and finTech.  I am confident this will be a great success.”

Inquiries

REECH CORPORATIONS GROUP

Andrew Garfield, Garfield Advisory Ltd. Phone: +44 (0) 7974982337

Email: andrew@garfieldadvisory.com

SEED FOUNDERS

Minh Q. Tran

Phone: +33 6 22 26 30 97

Email: communication@PropTech.capital

 

Notes to Editors

About Reech Corporations Group

Reech Corporations Group is an entrepreneurial group of businesses which is active internationally in real estate and real estate finance, wholesale and retail financial services and financial technology.

The Group was founded by Christophe Reech, the London based financier and serial entrepreneur with an established track record in creating and growing successful businesses in his chosen fields of expertise.

The Group provides a platform for supporting and developing established businesses as well as identifying new business opportunities where the Group’s skills and expertise can be profitably deployed.

ABOUT SEED FOUNDERS

Seed Founders is a global VC-as-aservice technology management firm focused on accelerating the growth of sustainable innovation for the property environment, through its deep global expertise and large entrepreneur networks. Seed Founders sources global venture opportunities in early-stage, (co-)invests in technology startups by providing investee companies with global strategic insights while giving investors access into new PropTech technologies.

More info: www.seedfounders.vc

INSEAD Insurtech Series moderated by Insurtech Capital (@Insurtech_Cap) by Minh Tran

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DESCRIPTION

The role of money is changing, and its guardians have to as well. Blockchain is knocking at the gates of staid Insurance companies and Financial Institutions. How they’ll react will have an impact on the cost of business going forward.

By 2020, incumbent Insurance & Financial industries will likely look very different than their current avatar.

The winning insurance firms of the future will be those that leverage the most innovative Insurtech solutions to accelerate their digital strategy

To provide a picture of what’s happening in Insurtech, we’ve invited Roger Peverelli of the Digital Insurance Agenda. He will join us on March 27th at 10 AM CET.

Please REGISTER here

Host: Minh Tran

What to expect:

Roger is the author of international bestsellers 'Reinventing Financial Services' and 'Reinventing Customer Engagement'. He is a well-known speaker and hosts Financial Industry luminaries at conferences across the globe.

Roger will talk to us about the top trends in Insurtech and also provide us with a glimpse of some of the top Insurtech disrupters he came across in the recent past.

If you are buying insurance for personal or professional reasons, this Webinar provides a quick lay of the land & what’s on the horizon.

Join us for this first Webinar of a series to explore trends in Insurtech, Fintech, Blockchain & Corporate Venture Capital (CVC).

If you want to participate / contribute in any way, please feel free to reach out to tmtnetwork@insead.edu

You miss it? No problem. Click here to watch it